$BTC liquidity update
> Long liqLevels: 399 | Short liqLevels: 133 (Δ +266 / ~$10B)
> Longs are becoming increasingly exposed.
What’s notable:
Yesterday’s selling was fully absorbed by passive bids, leading to the bounce we’re seeing now.
However:
Since then, a significant amount of new liquidity has built up.
Price has reacted almost perfectly at the AVWAP so far.
With today’s US holiday, I’m not expecting much directional expansion.
My expectation:
More ranging, liquidity spikes, and positioning before the next meaningful move.
HTF plan remains unchanged
> Long liqLevels: 399 | Short liqLevels: 133 (Δ +266 / ~$10B)
> Longs are becoming increasingly exposed.
What’s notable:
Yesterday’s selling was fully absorbed by passive bids, leading to the bounce we’re seeing now.
However:
Since then, a significant amount of new liquidity has built up.
Price has reacted almost perfectly at the AVWAP so far.
With today’s US holiday, I’m not expecting much directional expansion.
My expectation:
More ranging, liquidity spikes, and positioning before the next meaningful move.
HTF plan remains unchanged